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The number of businesses entering liquidation across South Lanarkshire hit a four-year high last year.
It tends to happen when a business is classed as insolvent, which can be when a company cannot afford to pay its bills or its assets are worth less than its net debts. Regional managing partner for the southwest region at insolvency experts Begbies Traynor, Julie Palmer, said: “Energy and the cost of energy is only going one way at the moment. Energy is going to remain a very real problem for business and will affect supply prices right across the board.
He said: “Reinstating energy support levels at the rate they were previously, would make a huge difference. The support for business is being wiped away – while energy rates are not likely to fall any time soon.
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